Posted on 01/25/2023 8:47:07 AM PST by Oldeconomybuyer
In the face of sky-high rents, President Joe Biden is rolling out a new set of principles the White House is calling a "Renters Bill of Rights" in an effort to improve rent affordability and protections for tenants.
The president is directing the Federal Housing Finance Agency (FHFA) to examine limits on rent increases for future investments and actions promoting renter protections. The Federal Trade Commission (FTC) and the Consumer Financial Protection Bureau (CFPB) have been tapped to root out practices that unfairly prevent applicants and tenants from accessing or staying in housing.
This rollout comes as progressive Democrats have asked Biden to direct different agencies, including the FTC, to limit rent increases. While rent control is common in some cities, there has never been federal residential rent control.
Specifically, lawmakers had called on the president to direct the FTC to issue new regulations defining excessive rent increases and enforce actions against rent gouging, suggestions that are aggressive than what the administration has so far put forth. The letter also asked to have FHFA put in place rent protection for tenants living in properties financed with government-backed mortgage properties, which is more closely aligned with what the president outlined on Wednesday.
(Excerpt) Read more at news.yahoo.com ...
He’s gonna upset Blackrock...
Stop importing 5 million illegals a year, and rent prices will return to normal.
If this is enacted, I see a lot FEWER rentals in the nation’s future and more homeless. But Dems will be able to say they “did something”.
In perfect, cloward-piven america-destroying government-takeover form, this trial balloon is aimed at causing those with livelihoods as landlords to just give up. At that point, governments buy up the properties on behalf of the permanent underclass.
wow... just when I thought Biden couldn’t get any worse!@!!!!!!!!
how about property tax control!!!!!!!!!!!!!!!!!!
Constitutional authorization for ANY federal power is COMPLETELY ignored by these traitors who continue to try to pass unconstitutional and, thus, illegal legislation.
PATRIOTS! STAND UP AND FIGHT BACK!!!!
So the abolition of property rights is now a right. I just want to make sure I’m keeping up with the jackassery.
Ask diaper brain what he charged his secret service detail for rent at his house in Delaware.
Quote: “He will upset Blackrock. . . “
Exactly and is why this will go nowhere. Follow the money and I am sure it leads right to Biden’s gravy train.
Wonder how they’re going to contort the Commerce clause to justify this monumental overreach of Federal power.
Countdown until McConnell and Graham reach around the aisle to help move this forward.
10, 9, 8 . . .
Unless the property straddles the state line, private property rental has ZIP to do with interstate commerce.
Roberts will deem it a tax.
Maybe it's b/c they don't qualify b/c of poor credit or insufficient income.
This should help the shortage of housing in California.
Although I think the main reason for this is to get complete government control over housing, just as in the old Soviet Union.
All wages, prices, salaries, dividends, profits, interest rates and forms of income of any nature whatsoever, shall be frozen at their present figures, as of the date of this directive.
In Ca. you can raise the rent 10% each year, when the rent for a STUDIO apt. is $2500.00 that is a $250.00 increase per year if the landlord chooses to do so!! The ceiling is 10% a year!! Landlords are having a VERY TOUGH time right now because of the Covid non payment of rent dictated by the feds for 18 months!! NOW the landlords are having a hell of a time evicting people it takes an act of God in Ca. you could be tied up in court for ANOTHER year trying to get people out!!
“The president is directing the Federal Housing Finance Agency (FHFA) to examine limits on rent increases for future investments and actions promoting renter protections. The Federal Trade Commission (FTC) and the Consumer Financial Protection Bureau (CFPB) have been tapped to root out practices that unfairly prevent applicants and tenants from accessing or staying in housing”
So it’s basically a executive order, thus a done deal. It’s good to be dictator
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